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Btcusdforecast

BTC/USDTreferring to waves analysis the price will go down to complete the last point "C" from ABC will give us the falling wedge pattern, however, the divergence will occur between A and C that may confirm this bullish pattern, by then the price will start to change the trend slightly to move up and complete the future pattern. as a daily trader, you are at the best moment to put your sell order but, if you are waiting for a buy order, you should be patient until the price hits the C point then you put your buy order after any coming confirmation.
by alkantaraz
BITCOIN: MOMENT TO DECIDE.Hello traders, it's an honor to pen down my analysis on BTC in 12 hours timeframe. I hope this update will be helpful for you all. Update: BTC has been making a negative move in the last few days. From a straight pump of +23% to a quick drop of -16%, all in the span of 10 days. Things took a dramatic turn on BTC but it is not quite a surprise cause BTC is used to being dramatic. The entire market is talking about the bearish sentiment, some predicted BTC to drop by $10,000, and some by $3000. Even I analyzed that if BTC drops below the current support level in a higher timeframe then it may reach down to the $12k where we have the 2nd support level. The interesting thing to notice is the volume spike which is increasing whereas the BTC price is decreasing. As BTC is still holding the $19k support level, there could still be a chance to bounce back. I clearly understand that we are in the bear market and BTC can go further down from its current price but still, it is worth considering the current support level. Until and unless BTC is holding the present support level, I am positive about BTC. If BTC breaks and closes below $19k, I will for sure wait for the strong buyback level and trade accordingly. It is indeed a moment to decide on BTC. Note: I am not talking about the bull run here, I am talking about BTC sustaining the $19k support level and bouncing back to a decent level in a lower timeframe. What is your viewpoint on BTC? Do share your ideas in the comments. Thank you for reading. God bless and trade safely.
Long
by Dexter_The_Trader
12
BTCUSDT 12h Such situation was already on the BTC chart in 2019A week ago, we already published the idea of ​​BTCUSDT, where we used the Gann box, Fibonacci levels and fractals of BTCUSDT price behavior in the analysis. And today, analyzing the BTCUSD chart, we caught ourselves thinking: "it was already like that" I remembered the beginning of 2019, when there was the same sharp correction of the BTCUSDT price in one day. Further 1-1.5 months of narrow consolidation before the start of the growth trend. In 2019, there was an interesting feature, alts stopped reacting painfully to sharp Bitcoin corrections. At that time, altcoins began to grow and shoot individually. It seems to us that the situation is very similar now, which is why we depicted the fractal of the BTC price movement from 2019 to the current chart. Of course, you can research the behavior of the BTCUSDT price movement and altcoins at the beginning of 2019 and write in the comments whether we are right or wrong _______________________________ Since 2016 , we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
by P_S_trade
28
Bitcoin- A flower doesn't make it springIn my previous analysis, I said that a break above 22k resistance could lead to further gains and a test of the next important resistance at 25k. However, after the break and a local high of 22.700, CPI data from US triggered a massive selloff and Bitcoin dropped more than 10% from top to bottom. Considering this false break, the large bearish engulfing, and the downwards direction of the trend, most probably Bitcoin will break also under 20k soon. In my opinion, this will be Bitcoin's next move and a visit to the 18k previous low is now unavoidable. Sell rallies against 22k is my strategy for BTC for the short term In the longer term, a break under 18k would bring panic into the market, and 12.500 would be in focus next. (Considering my outlook for SP500 and other US indices this is a very probable scenario)
BITSTAMP:BTCUSDShort
by Mihai_Iacob
30
BTC making 2 bullish shark harmonicsLeft Chart : We a have a bullish shark harmonic in process of developing which will complete at $17,870 level, Invalidation or stop-loss for this will be $17,032. If this level breaks down then we will possibly stop at $13k-$15k levels although I still feel we won't go down that further but anything can happen in crypto. Right Chart : Bullish shark harmonic identified on a daily chart which is in play at the moment, Invalidation point is $17,994 and near to that another 🦈 will complete. So we have 2 confluences for bullish price action and I know most people would find it funny but in these dark times we do need something positive. Lets see what unfolds in coming weeks.
Long
by NasirCrypto
2
BITCOIN: TWO SIMPLE LINES SAYS IT ALL.Hello traders, welcome to this BTC update in a higher timeframe. Timeframe : 2 weeks. Recap: In our previous weekly update, we discussed BTC either holding the $19k support level or a drop-down below it. It turns out that BTC is still holding the support level. Update: In the lower timeframe, we may see BTC pumping but the higher timeframe says a whole different story. The two straight white lines say it all. BTC reaching $30k could be possible but once it does reach there, we have to be careful cause that will be a strong resistance area and a decisive point for the market. The market may seem good in a lower timeframe but if we zoom out and see a bigger picture, the danger still hovers around. Let's not forget that BTC has already broken down below the supporting trendline and the only thing that is holding the price is the horizontal supporting trendline. Key levels: $19k Support. Note: All ideas and updates are my personal opinion and research. I don't give financial advice to anyone so do not consider this as financial advice. All my updates are for educational purposes only. This is all I have to say from a long-term perspective. Do let me know your thoughts and ideas in the comments. Thank you so much for supporting me. God bless and trade safely.
BITSTAMP:BTCUSD
by Dexter_The_Trader
26
Bitcoin- Is this a genuine reversal? 25k holds the keyAfter the recent drop under 20k, Bitcoin found bids, and on Friday reversed strongly, gaining around 10% in a day and breaking above the recent falling wedge resistance (visible on short-term time frames) Now, everyone is wondering if this is a genuine reversal and a resumption of the long-term bullish trend. As a speculator, I try to be as objective as I can and look strictly at what the chart is telling me. Looking at the weekly posted chart we can see that after 10 months of decline, BTC found support in 20k and the last 3 weeks of price action are showing an Evening Star candle formation which can be the first sign of reversal. However, the price is still under the falling trend line that started in Nov last year. More, Bitcoin has also a strong horizontal resistance in the 25k zone and as long as this confluence level is intact, we are still in a bearish trend. That being said, in my opinion, this 25k zone holds the key and in order to speak of a bottom, we need a break above first. A quick look into Total: Total looks a little better than BTC. Of course, also here we have a downtrend that started in Nov last year and an Evening Star formation in the last three weeks, but this formation can be very well a higher low, which is more bullish than the double bottom (not yet confirmed) from Bitcoin. Also here we have an important resistance ahead at 1.16T. In conclusion, although I hope for a reversal, I'm only cautiously bullish at this moment. Best regards! Mihai Iacob
BITSTAMP:BTCUSDLong
by Mihai_Iacob
21
BITCOIN: STILL NOT BULLISH!!!Hello traders, I hope you guys are doing good. Here's a quick update on BTC in a lower timeframe. Timeframe: 8 hours. Update: BTC is still not bullish. It did perfectly bounce back from the $18.5k to $19k support level but currently, it is struggling to break above the $22k resistance level. If BTC fails to break above this level then we can expect another drop in the market. The RSI is already close to the overbought zone. Conclusion: BTC is still in a critical zone. Holding leverage positions for long in this unstable market will be risky. You may take short or long calls for scalping but make sure that it is for a shorter period of time. Note: Take the risk that you can effort to lose but knowingly do not jump into a bad trade. When you know and see that market is in a risky zone, stay aside. I hope this update is helpful for you. Thank you for supporting me. God bless.
COINBASE:BTCUSDShort
by Dexter_The_Trader
8